Pantry Pride Inc.

August 16, 1985|By Deanne Brandon

LOOKING TO BUY? Pantry Pride Inc. is talking with Revlon Inc. about a buy-out of the cosmetics and health-care company, The Wall Street Journal reported Thursday. Value of such a deal: Close to $2 billion, the newspaper estimated. Pantry Pride, based in Fort Lauderdale, owns supermarkets and home- products stores. It has been controlled since February by New York-based MacAndrews & Forbes Holdings Inc. In July, Pantry Pride raised $700 million in a securities offering, and it has been liquidating assets to accumulate cash for an acquisition. In Thursday's trading on the New York Stock Exchange, Revlon fell $1 a share to close at $44.375. Pantry Pride was off 25 cents at $7.75.